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Bitcoin drops more than 10 percent as scrutiny of cryptocurrencies grows

Tom Wilson, Reuters
Posted at Jul 15 05:34 PM

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin. Read more »

US Fed calls for Facebook to halt Libra project until concerns addressed

Pete Schroeder and Trevor Hunnicutt, Reuters
Updated as of Jul 11 08:04 AM

WASHINGTON - US Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.   Read more »

Bitcoin's losses grow, recoils 30 percent from 2019 highs

Reuters
Updated as of Jul 03 08:11 AM

Bitcoin skidded as much as 9 percent on Tuesday, falling below the $10,000 mark and pushing losses to over 30 percent since the original cryptocurrency hit an 18-month-high last week. Read more »

Bitcoin seen to sustain rally as Facebook unveils own cryptocurrency

ABS-CBN News
Posted at Jun 26 04:00 PM

Bitcoin is set for a big rally after Facebook's announcement that it would launch its own cryptocurrency, a local fintech startup said on Wednesday.  Read more »

Bitcoin surges above $11,000 thanks to Facebook's currency plans

Agence France-Presse
Posted at Jun 24 08:53 PM

Bitcoin surged to a near 16-month high above $11,000 Monday, overshadowing showings across stock, foreign exchange and commodity markets, with investors looking ahead to the week's G20 summit. Read more »

Facebook's cryptocurrency faces privacy concerns, political backlash

Katie Paul and Anna Irrera, Reuters
Posted at Jun 19 10:11 AM

The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity governing the new digital coin, according to marketing materials and interviews with executives. No banks are yet part of the group. Read more »

BSP urges public: Transact using registered virtual currency exchanges

ABS-CBN News
Posted at Jun 17 12:41 PM

Registered Virtual Currency Exchanges (VCEs) facilitate conversion of virtual currencies to fiat currencies and vice versa, the BSP said in an advisory.    Read more »

Bitcoin tops $8,000 as it hits highest since July 2018

Gertrude Chavez-Dreyfuss, Reuters
Posted at May 14 07:02 AM

There is no real fundamental explanation as to why bitcoin, the original cryptocurrency, hit a 10-month high on Monday. Read more »

Hamas shifts tactics in bitcoin fundraising, highlighting crypto risks - research

Tom Wilson and Dan Williams, Reuters
Posted at Apr 26 03:03 PM

LONDON/JERUSALEM - The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups. Read more »

China wants to ban bitcoin mining

Brenda Goh, Alun John, Reuters
Posted at Apr 09 08:33 PM

China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. Read more »

Bitcoin soars past $5,000, mystery buyer seen as catalyst

Tom Wilson and Tommy Wilkes, Reuters
Posted at Apr 02 06:39 PM

Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move to a major order by an anonymous buyer that triggered a frenzy of computer-driven trading. Read more »

Geek turned Bitcoin baron tracks cryptocurrency's rise and fall

Agence France-Presse
Posted at Mar 13 03:24 PM

Once described as a geek who stuffed himself with snacks in front of his computer, Mark Karpeles rose to head a firm that once claimed to handle 80 percent of the world's bitcoin transactions. Read more »

Police raid ROSES4U Inc. for scamming Malaysians, Europeans

Maan Macapagal, ABS-CBN News
Posted at Feb 12 10:51 PM

The PNP-ACG and the Securities and Exchange Commission raided a company for allegedly operating an online investment scam targeting Malaysian and European investors.  Read more »

Millions in cryptocurrencies frozen after Canadian founder's death

Tyler Choi, Reuters
Posted at Feb 05 11:28 AM

Quadriga founder Gerald Cotten, the only person with the password to the platform, died aged 30 from complications with Crohn's disease while volunteering at an orphanage in India. Read more »

Virtual exchange GOW sees 'real demand' from remittances

ABS-CBN News
Posted at Jan 24 04:53 PM

The demand comes from overseas Filipino workers who are burdened with remittance fees to send money back home. Read more »

EU banking watchdog says new cryptoasset rules may be needed

Huw Jones, Reuters
Posted at Jan 09 05:44 PM

New European Union rules may be needed to better protect consumers from cryptoasset risks and stop diverging national regulations from creating unfair competition, the bloc's banking watchdog said on Wednesday. Read more »

Mga sundalo, pulis 'natangayan' ng milyon-milyon sa investment scam

ABS-CBN News
Posted at Dec 19 05:30 PM

Nagtiwala ang isa sa mga biktima dahil sa unang anim na buwan ay naibibigay pa raw ang kita ng kaniyang investment.  Read more »

Police probe hoax bitcoin bomb threats across US, Canada

Reuters
Posted at Dec 15 11:19 AM

US law enforcement officials on Friday were investigating a wave of hoax emailed bomb threats demanding bitcoin payment that caused worry but no damage in the United States, Canada, Australia and New Zealand. Read more »

Bitcoin crashes to lowest this year, losses top 25 percent in a week

Tom Wilson and Tommy Wilkes, Reuters
Posted at Nov 21 08:29 AM

Bitcoin sunk as far as $4,327, its lowest since October 2017. By mid-afternoon Tuesday, it was trading around $4,750 on the Bitstamp exchange. Read more »

Bitcoin falls below $5,000 for first time since 2017

Dmitry Zaks, Agence France-Presse
Posted at Nov 20 08:14 AM

Bitcoin, the world's most popular virtual currency lost 12.5 percent of its value from Friday evening to stand at $4,914.21 by 1930 GMT Monday (3 a.m. Tuesday in Manila), according to data compiled by the Coinbase digital exchange. Read more »